Hidden Bibliographic Details
| Other authors / contributors: | Dell'Ariccia, Giovanni, author.
Mauro, Paolo, author.
International Monetary Fund. Research Department.
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| ISBN: | 1484342380
1484363477
9781484363478
1484383540
9781484383544
1484365860
9781484365861
9781484342381
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| ISSN: | 2221-030X
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| Notes: | "April 2013."
"This paper was written as background for a conference on 'Rethinking Macroeconomic Policy II, ' to take place at the International Monetary Fund, April 16-17, 2013."
English.
Online resource; title from PDF title page (IMF, viewed Dec. 21, 2016).
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| Summary: | "The 2008-09 global economic and financial crisis shook the consensus on how to run macroeconomic policy. It reminded us of the dangers associated with financial sector imbalances; showed the limitations of monetary policy and cast doubt on some of the tenets of its intellectual foundations; and led to a reevaluation of what levels of public debt can be considered safe. This prompted a healthy reconsideration of what worked and what did not, and a debate on how to fix things, ranging from nitty-gritty technical points to broad-based institutional design questions. Five years from the beginning of the crisis, the contours of a new macroeconomic policy consensus remain unclear. But policies have been tried and progress has been made, both theoretical and empirical. This paper updates the status of the debate."--Executive summary.
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| Other form: | Print version:Print Version: 9781484342381
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| Standard no.: | 10.5089/9781484342381.006
10.5089/9781484363478.006
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